The Nifty rose 0.57 percent on the final trading day, lending a bullish undertone to an otherwise slow week.
For the week, the Nifty ended down 0.36 percent at 26,046, while the Sensex closed down 0.17 percent at 85,267.
Here’s how analysts read the pulse of the market:
Global risk appetite improved after the US Fed rate cut, fueling liquidity optimism and domestic equities rallied despite the rupee hitting a record low, said Vinod Nair, head of research at Geojit Investments, adding that autos, metals, consumer durables and realty underpinned PMCGS and PSUs. Banks benefited.
“Broad indicators are showing buying interest, bouncing back after recent consolidation. India’s November CPI, due today, is expected to remain in the RBI’s comfort zone, reinforcing expectations of policy stability. Near-term focus: rupee levels, FII flows, and trade talks, with global cues from the BoJ,” BoJ (Possible Policy, ECBHI) said.
Also Read | 5 Wall Street Moguls Who Dismissed Bitcoin As A Fad — Guess What They’re Saying Now!
US markets
U.S. stocks retreated sharply on Friday, with the S&P 500 and Nasdaq falling more than 1 percent as investors pulled out of heavyweight technology names amid renewed jitters over high artificial-intelligence valuations.
The Nasdaq Composite fell 398.69 points, or 1.69%, to 23,195.17, while the S&P 500 lost 73.59 points, or 1.07%, to 6,827.41. For the week, the S&P 500 fell 0.63%, and the Nasdaq fell 1.62%.
European markets
European stocks advanced on Friday and were on track for a third straight weekly gain, buoyed by a rally on Wall Street as investors welcomed the Federal Reserve’s interest-rate cuts and bets on further policy easing in 2026.
The pan-European Stoxx 600 rose 0.4% to 583.56 by mid-morning in London, a day after posting its strongest single-session gain in more than two weeks. The index was trading within reach of intraday record highs, underlining improved risk appetite across regional markets.
Tech View
The Nifty has bounced back above 26,000 after a brief period of weakness, said Rupak De, senior technical analyst at LKP Securities, adding that on Friday, the index closed higher, reclaiming the 21EMA.
“On the 4-hour chart, the RSI is in a bullish crossover, indicating an improving momentum. In the near term, the trend is likely to remain constructive as long as the index remains above 25,900, which is expected to serve as a key support level. On the upside, the index may move towards 26,300 in the short term,” Dee said.
Also Read | Warren Buffett’s biggest investment isn’t Apple, BofA or Coca-Cola — it’s a stock hidden in plain sight
Most active stocks in terms of turnover
Canes Technology (Rs 3,050 crore), Hindustan Zinc (Rs 2,180 crore), Hindustan Copper (Rs 1,679 crore), Transformers & Rectifiers (Rs 1,659 crore), Interglobe Aviation (Rs 1,642 crore), Vodafone Idea (Rs 1,31 crore, HDFC) and Rs 1,333 crore. was HDFC (Rs. 1,30 crore). Among the most active stocks on BSE in terms of value. High activity in a counter in terms of value can help identify counters with the highest trading turnover in a day.
Most active stocks in terms of volume
Vodafone Idea (traded shares: 114.30 crore), GMR Airports (traded shares: 7.16 crore), Yes Bank (traded shares: 6.58 crore), Transformers and Rectifiers (traded shares: 6.23 crore), Ola Electric Mobility (traded shares: 4 crore, Hindustan 4 crore shares: 5 crore) and Suzlon Energy (Shares traded: 4.25 crore) was one of the most actively traded stocks in terms of volume on the NSE.
Stocks show interest in buying
Shares of Transformers & Rectifiers, Anant Raj, Hindustan Zinc, Hindustan Copper, GMR Airport, Choice International and CCL Products witnessed strong buying interest from market participants.
Also Read | Tata Motors hits top gear on demerger after commercial vehicles debut. Here are 7 takeaways from the list
52 week high
More than 95 stocks touched their 52-week highs today, while 96 stocks slipped to their 52-week lows. Vodafone Idea and Hindustan Zinc hit their 52-week highs.
Selling pressure is seen in stocks
Stocks that saw significant selling pressure included SKF India (Industrial), Tata Teleservices, Jubilant Food, DCM Shriram, KFIN Technologies, HUL and PI Industries.
Sentiment meter bullish
Market sentiment was bullish. Out of 4,356 stocks traded on BSE on Friday, 1,642 stocks declined, 2,552 stocks gained, while 162 stocks remained unchanged.
Also Read | Ola Electric vs Aether Energy Shares: Which EV Bet Looks Stronger for Your Portfolio Right Now?
(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times.)
As a trusted and reliable news source
Add now!
(You can now subscribe to our ETMarkets WhatsApp channel)
